Fintech News

NOVEMBER 17, 2024

This forum, comprising representatives from Asia Pacific financial regulators and cloud service providers, convenes twice a year to discuss best practices for managing cloud risks in the financial sector. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.

Risk 112

Risk Best Practices APACS Authorization 112

The Payments Association

FEBRUARY 26, 2025

Faster payments and faster fraud As new payment use cases and systems emerge, they naturally introduce new fraud risks. From static to modern, risk-based authentication Legacy fraud prevention technology is no longer appropriate for todays fast-evolving payments landscape. Static authentication is a major vulnerability for FIs.

Authentication 88

Authentication Risk Fraud Prevention Compliance 88

Finovate

MAY 1, 2025

Clearwater Analytics has completed its acquisition of risk analytics and developer infrastructure company Beacon. First announced in March , investment management technology platform Clearwater Analytics reported this week that it has completed its acquisition of enterprise risk analytics and developer infrastructure company Beacon.

Risk 59

Risk Acquirers Risk Management Technology 59

The Payments Association

MARCH 5, 2025

Lynx Tech introduces its next-generation anti money laundering (AML) screening solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed. Lynx helps organisations leverage technology to mitigate risk while still delivering exceptional value to their customers.

Financial Crimes 88

Financial Crimes AML Crime Risk 88

The Finance Weekly

MARCH 17, 2025

Without proper cash management, businesses risk financial stress and missed opportunities.Cash management controls, monitors, and optimizes cash flow, ensuring enough to cover expenses while using extra funds wisely. Keeping up with bills, payroll, and expenses can be overwhelming.

Cash Management 130

Cash Management Payroll Risk Finance 130

VISTA InfoSec

MARCH 13, 2025

However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. As cybercriminals continue to evolve their tactics, businesses must prioritize strong cybersecurity measures to mitigate these risks. This is where the PCI DSS comes into play.

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Fintech Finance

JANUARY 9, 2025

Saving businesses from trading off between conversion, risk, and cost The complexity of payment management still holds businesses back from reaching their ambitions. Balancing risk management, driving conversion, and minimizing cost has always required ineffective compromises until now said Carlo Bruno, VP of Product at Adyen.

AI 98

AI Transactions Payment Solutions Payments 98

The Payments Association

MAY 12, 2025

Card payments still play a key role, and remain vital for many users and use cases, but theyre not always optimised for high-frequency, high-risk flows. This clarity is especially powerful in regulated sectors, where auditability and risk reduction are just as crucial as user convenience.

Regulations 88

Regulations Push-to-Card Instant Payments Non-Bank 88

The Payments Association

MARCH 19, 2025

Banks clinging to outdated systems risk security breaches, regulatory headaches, and lost market sharemodernisation isnt just an upgrade, its a survival strategy. For years, banks have been reluctant to modernise their legacy infrastructure, believing that change outweighs the risks of staying put.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

The Finance Weekly

APRIL 8, 2025

Still stuck with outdated, manual financial processes that eat up your time and increase the risk of costly errors? You're not aloneand theres a smarter way forward. Finance transformation is redefining how modern finance teams operate.

Finance 130

Finance Process Risk 130

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Visa will add Featurespaces capabilities into its range of fraud prevention and risk-scoring offerings.

Fraud Prevention 97

Fraud Prevention Financial Crimes Value Added Service AI 97

Fintech News

MAY 5, 2025

The pilot is designed to evaluate emerging financial technologies under controlled conditions while balancing innovation with risk management. However, the SBV has flagged several risks in the sector, including poor transparency and weak oversight. Vietnam currently has around 100 P2P lending firms, many backed by foreign investors.

P2P 112

P2P Legal Framework Financial Inclusion API 112

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Finance Weekly

MARCH 17, 2025

Managing accounts receivable helps maintain cash flow, reduce risk, and build customer trust.Handling accounts receivable effectively isnt just about tracking payment It allows businesses to track unpaid invoices and ensure they get paid.Payments could be delayed or lost without a proper system, leading to financial trouble.

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Accounts Risk Payments Finance 130

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. This process helps reduce the risk of unauthorized transactions and fraud. What is a Bank Identification Number (BIN)?

Process 104

Process Processors Payments Compliance 104

The Payments Association

FEBRUARY 14, 2025

With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. Firms must ensure robust trust arrangements and clear segregation of customer funds to minimize financial risk. The FCA sees industry collaboration as critical.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

MAY 16, 2025

And the risks are real. Custom systems to match specific risks Fraud isnt a one-size-fits-all issue. The risks an online retailer faces arent the same as those for a FinTech platform. Today, businesses can use bespoke AI tools to fine-tune their risk controls.

AI 88

AI Security Fraud Prevention Fraud Detection 88

The Finance Weekly

APRIL 17, 2025

These issues can lead to inefficient capital allocation and increased financial risk. According to a survey, less than 25% of organizations rate their cash forecasting maturity as above average.Additionally, 22% of treasurers acknowledge their cash positioning capabilities need development. Improve your business cashflow,forecasting and

Risk 130

Risk 130

Fintech Finance

NOVEMBER 6, 2024

This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions. CoP offers increased payment security, reduced risk of fraud, and enhanced accuracy by allowing users to verify the payee’s details before completing a transfer.

Payee 98

Payee Payment Security Security Regulatory Compliance 98

Fintech Finance

MARCH 25, 2025

The partnership’s aim is to enhance Fundiin’s risk management capabilities, reduce costs, and expand credit opportunities for Vietnamese consumers, especially the unbanked and underbanked. Furthermore, it lays a foundation for Fundiin to explore further collaboration opportunities in the future.

Risk Assessment 97

Risk Assessment Risk Management BNPL Best Practices 97

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Data leakage, model biases, and a lack of transparency in AI decision-making are just a few of the potential privacy risks that must be considered. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech Finance

DECEMBER 10, 2024

The Trustfull platform addresses these challenges by offering open-source intelligence insights and real-time analysis on user contact details and location, enabling BNPL businesses to accurately differentiate between legitimate customers and high-risk applicants.

Fraud Prevention 97

Fraud Prevention BNPL Addressing Compromise 97

Fintech Finance

MARCH 10, 2025

FinScan Payments is well equipped to support faster payments while effectively controlling risk across domestic and cross-border ecosystems.” FinScan Payments empowers FIs, neobanks, PayFacs, FinTechs, and other organizations to block high-risk transactions in real time, facilitating compliance without delays.

Real Time Payments 98

Real Time Payments Faster Payments Transactions Money Laundering 98

Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. Sumsub’s own Identity Fraud Report 2024 indicates that crypto is a high-risk industry for fraud. said James Smith, Co-founder of Elliptic.

Crime 110

Crime Financial Crimes Travel Rule Blockchain 110

Basis Theory

NOVEMBER 12, 2024

In practical terms, this means there are fewer PCI requirements you need to comply with within your self-administered systems, reducing cost and risk. Both offer enhanced security for storing and utilizing payment data, reducing overall fraud and risk levels. They can be validated and identified without risking exploitation.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

The Payments Association

MAY 16, 2025

Smart routing and optimisation: Advanced POPs leverage machine learning and real-time analytics to route transactions intelligently, considering cost efficiency, transaction success rates, geographic proximity, and risk scoring. These tokens are useless if intercepted, significantly mitigating the risk of data breaches.

Transactions 88

Transactions PCI DSS Payments Settlement 88

Stax

MARCH 13, 2025

Apart from keeping complex payment structures running, interchange fees compensate issuing banks for taking on cardholder credit risk, and help card companies fund rewards programs. Covers risk taken on by issuing banks Issuing banks take on financial risks while extending credit to cardholders. Even for low-risk cards (e.g.,

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

Fintech Finance

APRIL 25, 2025

Will Marwick, CEO at IFX Payments said “We are very pleased to announce the proposed acquisition of Argentex, which will enhance our regulated capabilities, diversify our product portfolio, particularly in FX risk management and institutional offering, and further expand our geographical reach and network.

Acquirers 94

Acquirers Risk Management Payments Agreements 94

Fintech News

DECEMBER 22, 2024

Patricia Haynes joins as Senior Vice President of Platform, bringing her expertise in technology operations and risk management from roles at Zopa and LexisNexis Risk Solutions. This move is part of Thredd ‘s efforts to strengthen its platform, products, and regional support for fintech firms and programme managers worldwide.

APACS 102

APACS Issuers Commercial Card AML 102

Clearly Payments

OCTOBER 30, 2024

Hedging foreign exchange rates : For businesses with high transaction volumes in certain currencies, hedging can reduce risks associated with currency fluctuations. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105